BIMCO Search Results

Tankers end 2022 with 78% time charter contribution margin and best 2023 outlook

20 December 2022

What a difference a year makes! At the end of 2021, container ships were enjoying a historically strong market and freight and time charter rates had yet to peak. At the same time, dry bulk ships were seeing multi-year high rates slipping away, although still enjoying better returns than in previous years. However, tanker ships were seemingly still stuck in a COVID market rut without any immediate hopes for a strong comeback.

Fresh stimulus could boost Chinese iron ore imports, down 3.3% YTD

01 September 2022

Preliminary shipping data from Oceanbolt shows a 1.7% y/y drop in Chinese iron ore import volumes in August. The volumes are, however, the highest since January and follow a 3.1% y/y increase in July. Year-to-date, Chinese iron ore imports are down 3.3% y/y, making up around 20% of global dry bulk volumes, but could be in for a bounce, benefitting the struggling Capesize segments.

China's 2021 crude oil imports down 5.7% as strong start loses steam

23 August 2021

Chinese crude oil imports fell year-on-year in June and July, ending a streak of five months of accumulated year-on-year growth.

Record high container order book of 7.54 million TEU signals significant change

13 April 2023

Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book has continued to grow. The record high order book of 7.54 million TEU will result in significant changes to the container fleet in the coming years.

Chinese coal imports from Australia drop 98.6% as restrictions bite

15 September 2021

In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt.

China’s seaborne import of Russian crude jumps 51.4% in May

30 June 2022

China’s crude oil imports have doubled from 2011 to 2021 and now account for 20% of global seaborne crude oil volumes.

Coal shipments to India fall 9% as domestic mining increases

05 October 2023

During the first nine months of 2023, coal shipments to the world’s second largest importer of seaborne coal, India, fell 9% y/y. A 12% y/y rise in domestic coal mining replaced imports and electricity production continued to rise despite lower production from hydro power.

Only 3 VLCCs sold for demolition in 2021 as secondhand prices tempt

10 August 2021

During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition.

Share of ships with scrubbers seen rising despite 24% fall in fittings in 2022

15 March 2023

Scrubbers were installed on 399 ships in 2022, a fall of 24% y/y, and currently 13% of bulker, container, and tanker ships have a scrubber installed. Despite the slowing rate of installations, the share of ships with a scrubber is set to increase in coming years as 17% of ships in the shipyards’ order books are expected to have a scrubber installed.

September head-haul volumes fall 15.5% y/y as liner landscape faces change

09 November 2022

In September 2022, head-haul and regional export volumes were down 9.3% y/y according to Container Trade Statistics. Head-haul trades fell 15.5% whereas regional trades were down 0.7%. At the same time, volumes were 0.2% lower than in September 2019. The volume decline represented the first month since June 2020 to see lower volumes compared with the same month in 2019 and could be a warning that laid up ships and further freight rate reductions are on the horizon.